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<br />W N N O
<br />200207662
<br />_ - -.. -- Stain of Nenraskn — If— Abme This Lmc 1; Nit mrdin-, lint.
<br />DEED OF TRUST
<br />(With I nture Advance Clanse)
<br />Construction Secudiry Agreement
<br />1. DATE AND PARTIES. the date of this Deed of Tnist(Secuitty lashumcnq is Jul 17, 2002
<br />and the parfics, then and ma idamhcatton a..... e. it required are as fnllowe:
<br />TRUSTOR'. BURL L JANZEN and KAY A JANZEN, HUSBNAD AND WIFE
<br />2207 DEL MAR AVE
<br />GRAND ISLAND, HE 68803 -6314
<br />II checked, infer to the attached Addendum incorporated herein- for additional Triioois, their signatures and
<br />acknoudedgmrnts-
<br />IRUS11 -1'
<br />Earl D Ahlschwede, Attorney
<br />BENEFICIARY:
<br />Equitable Federal Savings Bank of Grand Island
<br />113 -115 N. Locust Street Grand Island, NE 68801 -6003
<br />Organized and Existing Under the Laws of The State of Nebraska
<br />2. CONVEYANCE. For good and vnluahle cnnsideratinn. On, reccipi and sufficicucy of [,Lich is acknowledged, and to
<br />secure the 5e ared Dcht pleGncd hell).. ) and 'fmator's peBotmancc under this Security Instrument, Trustor irrevocahly
<br />grant,, conveys and cii, to 'Trustee, in trust for the benefit of Beneficiary, with power of .sale, the following described
<br />property.
<br />LOT THREE (3), BLOCK SIX (6), KAY DEE SUBDIVISION, GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA
<br />'the pniperly is located in Hall at 2207 DEL MAR AVE
<br />rbani,l
<br />GRAND ISLAND Nebraska 68803-6314
<br />Indd„•.,i of ,,, a.m( oal)
<br />'together with all rig,,, easemcok, appurtenances. ioyallics. mineral rights, oil and gas rights. all water mid riparian
<br />rights, ditches- and wmer stock and all existing and fut.ve imprnceineuts, stiectures, fixto es, and ieplacmnen, that may
<br />now, of at aip time in the future, be part of the real estate descrihed ihovc (all rcfi n d to as "Properly').
<br />3. MNOMCM OBLIGATION LIMIT. The total principal aniouid secured by this Security Instrument st any one time shall
<br />not exceed $ $7, 570.50 This limitation of amount dots not include inteiest and other fees
<br />and chargcv validly made pursuant to this Security Instnnnent. Also, this limitation does not apply to advances made under
<br />the ternss of this'i"a"fv Instrument to protect Benchciary's security and to perform any of the covenants cons ioed to this
<br />Sccruity Inst niment.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The tenn "Secured Debt" is defined as tbllows_
<br />A. Debt ......tied under the terms of all promissory nom(e I. enntiacf s). guaranty(,) or other evidence of debt described
<br />below and all theii exten,dous, rencwaks, modilications of suhstituttons- Oily,,, "t...m.ing rhr d. his M.... it h
<br />VIIy�C1'1Pr) 1har. .... .... udi i 111111 fucG u. 7 nu.1 .iutr6 anti unl otatnl inrc"co -ell[ n"" ...it, 7w u.. et..l
<br />A Promissory Note dated 07/17/2002
<br />NEBRASKA DEED OF TRUST Nt,1 it,RFNMA rNUn M (page i of 4)
<br />(. o-'— S." ..s-o. 1or "til F Rror111 27 17
<br />® C165(NE) '..... of F roam 11': 21 72t V/I
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